Why is the ASX 200 having such a bad day on Wednesday?

The S&P/ASX 200 Index (ASX: XJO) has taken a third consecutive dip on Wednesday, extending losses to 135 basis points since Monday.

At the time of writing, the equity benchmark is down 88 basis points, reducing year to date gains from nearly 9% last week to 7.8%.

Earlier in the day, the…

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